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This is a reply I entered in another thread concerning petroleum supply forecasts (propaganda) spread by the global oil cartels. I figured that deserves it's own thread.
You guys should recognise propaganda when you read it. This article is nothing more than media bombardment by domestic oil refiners in order to hide their real motives. There is no oil shortage and there will be no oil shortage for a very long time. If the arabs ever run out we will just tap into strategic reserve in the CONUS, ALASKA and CANADA. Simply put, the domestic petroleum industry has been on a severe profit taking trend ever since the Republican administration took office over 5 years ago. The current administration has benefitted from these profits because the cartel oops I meant families that are afiliated with it are major Oil developers. Over the past five or more years the US market has supported a approximate 70-80% rise in average domestic Gasoline and petroleum cost that is not in sync with actual per barrel costs. Those per barrel costs have risen no more than 15-20% in the worst analysis of that price trend.
Simply put, citizens and residents of America have helped add many more billions of dollars to the bank accounts of the Big Petroleum refiners and retailers in this country and the UK's affiliated domestic retailers. Global petroleum multinationals are all basically laughing all the way to the bank at the expense of the American worker.
The only reason Gasoline/Benzin/Petrol prices are so high in the rest of the world is because foreign governments fund many programs by imposing heavy taxes on retail at the pump sales. Many European governments' primary income is Petroleum tax revenues and not Income taxes.
The rise in US domestic gasoline prices is a silent conspiracy to shaft hard working Americans specially when many have bought and enjoy driving that poorly handling, slow, oversized, fuel-thirsty SUV. Also, you see efforts to introduce more efficient powertrain technologies, such as Modern Turbo Diesels, suppressed by the statement that "America's oil supply has too much sulfur", so it won't run correctly in the new technologies. Guess what, our crude oil supply is the same as the rest of the world's. Venezuela is our number 1 oil supplier followed by the Arab cartels. It is the same stuff. It's just that Americans are fooled into thinking that it is less desireable because diesel cars stink. We must be fools because we just don't care, will pay the high prices and as long as we still can pay off our credit cards, mortgages and car loan we will not complain. I live and work in Europe and will pay the price because I like to put a lot of miles/kilometers on my bike. So, I am just another bleeder like every other automotive driver/operator in the world. Kind of like the battery people in the MATRIX.
Think about this... Los Angeles at the turn of the 20th century, 1900 until the end of the first quarter of that century had one of the most extensive and well developed Rail-based Mass Transit systems in the world. General Motors bought and removed the rail system in order to compell LA people to buy cars and now you have a huge automotive and parallel fuel market as well as severe traffic problems.
I could go on but this is starting to make me angry.
You guys should recognise propaganda when you read it. This article is nothing more than media bombardment by domestic oil refiners in order to hide their real motives. There is no oil shortage and there will be no oil shortage for a very long time. If the arabs ever run out we will just tap into strategic reserve in the CONUS, ALASKA and CANADA. Simply put, the domestic petroleum industry has been on a severe profit taking trend ever since the Republican administration took office over 5 years ago. The current administration has benefitted from these profits because the cartel oops I meant families that are afiliated with it are major Oil developers. Over the past five or more years the US market has supported a approximate 70-80% rise in average domestic Gasoline and petroleum cost that is not in sync with actual per barrel costs. Those per barrel costs have risen no more than 15-20% in the worst analysis of that price trend.
Simply put, citizens and residents of America have helped add many more billions of dollars to the bank accounts of the Big Petroleum refiners and retailers in this country and the UK's affiliated domestic retailers. Global petroleum multinationals are all basically laughing all the way to the bank at the expense of the American worker.
The only reason Gasoline/Benzin/Petrol prices are so high in the rest of the world is because foreign governments fund many programs by imposing heavy taxes on retail at the pump sales. Many European governments' primary income is Petroleum tax revenues and not Income taxes.
The rise in US domestic gasoline prices is a silent conspiracy to shaft hard working Americans specially when many have bought and enjoy driving that poorly handling, slow, oversized, fuel-thirsty SUV. Also, you see efforts to introduce more efficient powertrain technologies, such as Modern Turbo Diesels, suppressed by the statement that "America's oil supply has too much sulfur", so it won't run correctly in the new technologies. Guess what, our crude oil supply is the same as the rest of the world's. Venezuela is our number 1 oil supplier followed by the Arab cartels. It is the same stuff. It's just that Americans are fooled into thinking that it is less desireable because diesel cars stink. We must be fools because we just don't care, will pay the high prices and as long as we still can pay off our credit cards, mortgages and car loan we will not complain. I live and work in Europe and will pay the price because I like to put a lot of miles/kilometers on my bike. So, I am just another bleeder like every other automotive driver/operator in the world. Kind of like the battery people in the MATRIX.
Think about this... Los Angeles at the turn of the 20th century, 1900 until the end of the first quarter of that century had one of the most extensive and well developed Rail-based Mass Transit systems in the world. General Motors bought and removed the rail system in order to compell LA people to buy cars and now you have a huge automotive and parallel fuel market as well as severe traffic problems.
I could go on but this is starting to make me angry.
